I must admit, I wasn’t always a big fan of travel hacking. I’m not very good at it because there is too much overhead. Life is already busy enough without having to track all these credit card sign-up bonuses. Oh, let’s back up a bit for those of you who don’t know about travel hacking.
Basically, travel hacking is using credit card rewards to pay for flights and/or hotel rooms. Travel hackers accumulate points through applying for credit cards with great sign-up bonuses and using them. I never liked travel hacking because I don’t like signing up for new credit cards and it’s hard for me to keep track of them all. Besides, we built our wealth through living modestly and investing as much as we can. Travel hacking means spending money to get rewards. It doesn’t quite agree with our core principles. That’s not the only reason why I didn’t like travel hacking either.
Why I didn’t like travel hacking
Here are a few more reasons why I didn’t like fooling around with new credit cards.
It could lead to overspending. Most sign-up bonuses work like this. You need to spend $3,000 to $5,000 in the first 3 months to receive the reward bonus. Normally, we charge less than $1,000 per month on our credit cards so we’d have to stretch to meet the minimum amount. It goes against our frugal way to spend more than normal. This is probably my biggest stumbling block. I’d need to track my spending progress on each credit card. That’s just more work for me. I’m already busy and I don’t want to maintain another spreadsheet. To maximize travel hacking, RB40 needs to sign up for her own deals. She hates applying for anything so I don’t even want to broach the